Economy

Mortgage applications increased 2.7% on a seasonally adjusted basis for the week ending April 1, with refinance activity leading the way, according to the Mortgage Bankers Association.

JPMorgan Chase, drawing from its experience in the Motor City, has created a $125 million program designed to help community development financial institutions make bigger investments in impoverished neighborhoods.

Home prices rose in February in both yearly and monthly comparisons, according to CoreLogic.

Defaults on commercial mortgage-backed securities declined for the fifth straight year in 2015, according to Fitch Ratings.

JPMorgan Chase is funding a $125 million, five-year program that will provide affordable housing in communities that are at risk of gentrification.

Ruth Paloma Rivera just bought her first home, battling her way through the paperwork obstacle course that is the post-crisis American banking system.

Landlords can't automatically reject applicants with arrest records under HUD's new fair housing policy.

After nearly 20 years of talk, the time for e-closings is finally here, thanks to a push from government regulators and a broad shift in acceptance across demographics.

The agency's insurance-rate cut could spur the rehab of thousands of affordable units, but it's far from a total solution, housing advocates say.

While the percentage of properties with negative equity decreased during 2015, the lowest-priced homes continued to struggle to regain value, according to Black Knight Financial Services.

The USDA mortgage production operation makes up a very small part of JPMorgan Chase's overall lending business.

From electronic closings to e-warehouse lending, these executives are leading a movement to recast the industry's approach to digital.

Richard Dugas plans to retire next year after more than a decade as chief executive officer of U.S. homebuilder PulteGroup Inc., saying the company's founder wants a change.

Fifth Third Bank is offering a teaser rate to new home equity line of credit borrowers through July 31.

The average price of a Manhattan apartment topped $2 million for the first time, reflecting the closing of deals from a high-end buying frenzy that's now showing signs of a slowdown.

The number of misrepresentations in mortgage applications continued to decline in February, benefiting from lenders' increased spending on compliance, said First American Financial Corp.

Genworth Financial Chief Executive Officer Tom McInerney said he's moving with a "sense of urgency" to turn around the insurer after record losses and a stock plunge.

Realogy's NRT subsidiary completed the most residential real estate transactions in 2015, among all brokerage firms.

In a letter to CFPB Director Richard Cordray, the Association of Mortgage Investors said that the "Know Before You Owe" rule has "resulted in a climate of legal uncertainty" and is "chilling" private investment in the U.S. mortgage market.

Although many believe home prices to be impervious to inflation, they are still susceptible to speculation surrounding the Federal Reserve's rumors and decisions on monetary policy.